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07/18/2017

New Regulation for D & O Insurance

D & O Insurance - Directors & Officers Liability - is intended to cover the eventual liability of directors and managers of large companies arising from the acts of their ordinary corporate management. The Superintendence of Private Insurance ("SUSEP") publishes Rule No 553 on rules applicable to Civil Liability Insurance for Directors and Administrators of Legal Entities (the "D & O Insurance"). The interested parties – insured persons and insurance companies – must adapt the D & O insurance plans in accordance with the new regulations before November 20, 2017.

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